Abdel Rahman Shalaby
Stock Exchange employees postpone planned strike action
Business
December 13, 2011
Stock Exchange employees postpone planned strike action
Employees of the Egyptian Stock Exchange have postponed a strike slated for Thursday until after they have met with the…
Egyptian stock exchange suffers fifth worse loss on record
Business
September 28, 2011
Egyptian stock exchange suffers fifth worse loss on record
The Egyptian stock exchange on Wednesday lost more than LE10 billion, the fifth biggest one-day loss in the country's history.
Analysts voice optimism for Egyptian investments in post-Qadhafi Libya
Business
September 1, 2011
Analysts voice optimism for Egyptian investments in post-Qadhafi Libya
Analysts have predicted that Egyptian investments in Libya will be positively affected by the success of anti-regime rebels in ousting…
Citadel Capital chairman cleared of corruption charges
Business
June 5, 2011
Citadel Capital chairman cleared of corruption charges
Citadel Capital chairman Ahmed Heikal returned to Cairo on Sunday after he was cleared of charges relating to a suspicious…
Finance experts warn against trading shares of corrupt officials
Business
April 18, 2011
Finance experts warn against trading shares of corrupt officials
Investment experts have warned investors against conducting transactions that involve shares owned by persons being investigated for corruption. Mohsen Adel,…
Stock brokerage referred to Egypt’s prosecution
Business
April 11, 2011
Stock brokerage referred to Egypt’s prosecution
The Egyptian Financial Supervisory Authority has referred al-Naeem stock brokerage company to the prosecution on charges of manipulating the prices…
PM to make final decision on date for stock exchange reopening
Business
March 20, 2011
PM to make final decision on date for stock exchange reopening
Prime Minister Essam Sharaf is to take a final decision soon on the date for reopening the Egyptian stock exchange.…
Losses on Egyptian Stock Exchange difficult to predict
Business
March 14, 2011
Losses on Egyptian Stock Exchange difficult to predict
Predicting losses on the stock index when the Egyptian Stock Exchange finally re-opens is difficult, said financial experts on Monday.…
Egypt’s stock exchange to remain closed on Tuesday
Business
February 20, 2011
Egypt’s stock exchange to remain closed on Tuesday
The management of the stock exchange said it would still be closed on Tuesday until banks operate normally, adding that…
Presidential scion Gamal Mubarak took LE189.45 million in profits from EFG-Hermes
Business
February 15, 2011
Presidential scion Gamal Mubarak took LE189.45 million in profits from EFG-Hermes
Egyptian investment bank EFG-Hermes announced on Sunday that Gamal Mubarak, son of former president Hosni Mubarak, had taken LE189.45 million…
Govt prepares legislation to boost SMEs
Business
December 21, 2010
Govt prepares legislation to boost SMEs
The Egyptian government is drafting a set of legislation to boost investment in small and medium enterprises (SMEs), according to…
Vimpelcom seeks loan to buy OT, Wind
Business
November 8, 2010
Vimpelcom seeks loan to buy OT, Wind
Russian mobile operator Vimpelcom is trying to secure a US$4 billion loan in order to fund a merger with the…
Egypt exchange maintains upward trend amid investor confidence
Business
November 3, 2010
Egypt exchange maintains upward trend amid investor confidence
Egypt's EGX 30 stock market index has continued its gradual climb, rising 0.7 percent to settle at 6701.18 points by…
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
Business
October 3, 2010
Algiers halts evaluation of Djezzy, Orascom Telecom shares rise
Shares in Egypt's blue-chip Orascom Telecom (OT) rose on the local stock market on Sunday after it emerged that the…
Stock exchange drops slightly
Business
July 15, 2010
Stock exchange drops slightly
The Egyptian stock exchange recorded a minor drop of 0.13 percent on Thursday, the first day for its new director…
Former stock market director faces questioning
Business
July 13, 2010
Former stock market director faces questioning
Attorney General Abdel Meguid Mahmoud has summoned the former director of Egypt’s stock market, Maged Shawky, and the head of…
Algeria announces new law restricting foreign investment
Business
July 12, 2010
Algeria announces new law restricting foreign investment
Algeria announced a series of measures on Sunday that will give preferential treatment to domestic firms over foreign rivals, strengthening…
Egyptian stock market up 1.57%
Business
June 20, 2010
Egyptian stock market up 1.57%
The Egyptian Stock Exchange rose notably on Sunday, with foreign investors tending to buy amid a wave of selling by…
EGX30 up 1%
Business
June 17, 2010
EGX30 up 1%
Egypt's main index, EGX30, rose by 1 percent after intensive buying by local and Arab investors, while foreigners largely sold…
Stock market up 2.8% despite Greek woes
Business
May 30, 2010
Stock market up 2.8% despite Greek woes
The Egyptian stock exchange's EGX 30 index on Sunday rose by 2.8 percent, or 180 points, to close at 6518,…